Income exclusion for eligible investors: certain dividends, interest and capital gains from qualifying investments exempted subject to specified conditions. Schedule V exempts specified categories of income from total income for eligible persons: investment funds (excluding business profits), unit holders ... Summary
Income exclusion for eligible investors: certain dividends, interest and capital gains from qualifying investments exempted subject to specified conditions.
Schedule V exempts specified categories of income from total income for eligible persons: investment funds (excluding business profits), unit holders (proportionate income of like nature), business trusts (interest and dividends from special purpose vehicles), REIT rental income, venture capital entities (investment income in venture capital undertakings), and specified foreign sovereign/pension investors for certain dividend, interest and long-term capital gains arising from qualifying investments, subject to temporal, holding-period, investee-qualification conditions, binding guidelines, proportional computation rules, and exclusions for funds with external borrowings.
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